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Im seeking to train in a small brokerage that will sponsor me for the series 7, train me, and pay for it. How do I approach this? Whats the best way?

I live in Orlando, FL so I'm thinking google"brokerage/financial planner/financial advisor in Orlando Florida" and what ever pops on contact them in person, email, phone or all of the above. Does that sound logical?

I have been contacted and interviewed by Waddell and Reed Advisors and it doent seem legit. I have to pay them to train, and pay for the series 7 to work for them on commission with no real training or lead help? huh? are all brokerages like that?

With no experience in the b/d, fin. analyst field I dont expect to be sponsered by a large brokerage. My ideal senario would be to sponsered by a small firm, gain some experience with the firm and then move on to a more reputable brokerage and move up the corporate ladder.

Please help!?

My background is in economics. I have a BS and MA in economics (economic forecasting concentration), and worked as a data researcher/forecaster/analyst as an intern at a few places. I just finished grad school and I'm 29.

Honestly, with your educational background you should have no problem getting an interview with any of the major wires. I understand that education has no bearing on your success as an FA. If you have experience in selling and relationship building, you should be golden. Roogle these forums and you will come across basically exactly what you should say in an interview. Tell them what they want to hear.

I actually did exactly what you are thinking of doing as far as googling firms and emailing them. I was interviewing with the wires and I wasn't into what they were saying. Basically it was kill yourself, lean on friends and family, we frown on cold-calling, you will have to bring in 7 million AUM in the first year or you're fired and we are only going to pay you 34% commission. I emailed a few indy firms and they were friendly and I met with a few and decided on the one I am with now. My first tier commission is more than double of the wires. They paid for my licensing and I have a great mentor. All from blindly emailing them asking for 20 minutes of their time.

Go the DTA route. W&R seems to be for people who don’t know any better.
Wires won’t care about your education or if you the difference between a stock/bond or micro and macro. All they care about is how much money do you know, and how much can you convince to come over.
I would suggest finding a Indy or small shop with an advisor in his late 50s. Chances are he would love to have someone in helping him prospect for more money and someone he can teach. And if all goes well and he retires in a few years, you should get first crack at his book, and make some real good money.

Hacksaw basically told you my situation exactly. I have a mentor who is about 60 and he wanted some one young and energetic to help him expand the firm (bring in 3 to 4 more brokers) while building my own book. Even though I am new to this industry, I have a lot a managerial experience that he liked. There are other brokers, but he wants someone young and hungry like myself to take over. I know it sounds like I am getting ahead of myself, but he has mentioned this to me at least 6 times in the last 2 months.

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